In this 2010 edition of their book on the economic development of the Middle East and North Africa, Clement Henry and Robert Springborg reflect on what has happened to the region's economy since 2001. How have the various countries in the Middle East responded to the challenges of globalization and to the rise of political Islam, and what changes, for better or for worse, have occurred? Utilizing the country categories they applied in the previous book and further elaborating the significance of the structural power of capital and Islamic finance, they demonstrate how over the past decade the monarchies (as exemplified by Jordan, Morocco and those of the Gulf Cooperation Council) and the conditional democracies (Israel, Turkey and Lebanon) continue to do better than the military dictatorships or 'bullies' (Egypt, Tunisia and now Iran) and 'the bunker states' (Algeria, Iraq, Libya, Sudan, Syria and Yemen).
Clement Moore Henry is Professor of Government at the University of Texas, Austin. His publications include The Politics of Islamic Finance (2004) and The Mediterranean Debt Crescent: A Comparative Study of Money and Power in Algeria, Egypt, Morocco, Tunisia, and Turkey (1996). Robert Springborg is Professor of National Security Affairs at the Naval Postgraduate School. Until August, 2008 he held the MBI Al Jaber Chair in Middle East Studies at the School of Oriental and African Studies in London, where he also served as Director of the London Middle East Institute. Professor Springborg's publications include Legislative Politics in the Arab World (1999), Mubarak's Egypt: Fragmentation of the Political Order (1989) and Family Power and Politics in Egypt (1982).
1. The globalization dialectic; 2. The challenges of globalization; 3. Political capacities and local capital; 4. Bunker states; 5. Bully praetorian states; 6. Globalization monarchies; 7. Precarious democracies; 8. Conclusion.